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The Bilt World Elite Mastercard® might just be the perfect rewards credit card. This card makes it easy to earn rewards on what’s potentially your largest monthly expense without worrying about extra fees, so it’s a great credit card for paying rent bills.
However, it’s essential to know what credit score you need for the Bilt Credit Card. The research we’ve done suggests you need good or excellent credit to qualify for the Bilt Mastercard. That’s usually a FICO score from 670 to 850.
Apply Now: Bilt World Elite Mastercard®
What Is The Bilt Credit Card?
First of all, the Bilt credit card, issued by Wells Fargo, has been making a significant impact in the realm of rewards credit cards. Notably, it offers a unique feature of allowing cardholders to pay rent without incurring processing fees. What’s more, this card provides valuable travel and cash-back redemption options, all without imposing an annual fee or foreign transaction fees.
When it comes to earning Bilt Rewards, cardholders can benefit from a tiered system. They earn 1x Bilt Points per $1 on monthly rent, with a cap of 100,000 points per year. Additionally, travel purchases earn 2x points, while dining expenses yield 3x points. For other expenditures, cardholders receive a standard 1x points rate.
One standout feature is that these points are more valuable, as they are worth 25% more, equating to 1.25 cents each when used to book award travel through the Bilt App. Furthermore, there’s the flexibility to transfer Bilt Points to participating airlines and hotels at a 1:1 ratio, including the often elusive American Airlines.
To sweeten the deal, there are opportunities to earn bonus points. You can also take advantage of limited-time travel perks. You even have a shot at winning free rent through recurring Rent Day promotions held on the first day of each month.
An additional compelling reason to consider this card is that Bilt Rewards was recently recognized by The Points Guy as having the most valuable credit card points in the industry.
Credit Score Needed for the Bilt World Elite Mastercard
Various data points suggest you need a good or excellent credit score to qualify for the Bilt Mastercard. Typically, that’s a FICO score from 670 to 850.
These scoring requirements are similar to many of the best rewards credit cards. There are comparable purchase rewards opportunities and Bilt card benefits.
To have the best Bilt card approval odds, you may wait to apply with a 740 credit score or higher, as that’s the start of the excellent credit range. However, a score in the low 700s is also encouraging in many situations.
Bilt mentions that most card applications receive an instant decision within 30 seconds after submitting details (a manual review can take up to 30 days). You can call Wells Fargo at 1-833-461-0346 to ask a specific question about your application.
Bilt Mastercard Credit Score Important Factors
Wells Fargo issues the Bilt World Elite Mastercard® but doesn’t disclose its application requirements. The bank states, “Credit card is subject to credit qualification” under its Other Things You Need to Know Section.
Waiting to apply once your credit score is above 670 is one way to have better approval odds. Still, you should also pay attention to these other Bilt credit card checking application guidelines to be more likely to receive instant approval. Here are other factors to consider regarding the credit score needed for the Bilt card.
Stable Income for Bilt Credit Score Needed for Approval
The credit card provider will analyze your annual income and monthly housing costs to evaluate your ability to make monthly payments. If the bank spots a potential red flag, your application may require an additional review. This may require providing your tax returns and W-2 income statements.
Even if your debt-to-income ratio is relatively high, you can still qualify for the Wells Fargo Bilt Mastercard. But your credit limit may be smaller. The credit card agreement discloses the minimum spending limit is $1,000.
One Welcome Offer Every 15 Months
This policy may not impact your decision to apply for the Bilt Mastercard. It doesn’t offer a new card member signup bonus or an introductory APR. However, Wells Fargo is more likely to deny your application if you have received a Wells Fargo credit card signup bonus within the past 15 months.
If you’re an existing Wells Fargo credit card customer, you may decide to apply at least 15 months after receiving your last signup bonus within this bank’s card portfolio to play it safe.
Bilt Credit Card Pre-Approval
You may decide to prequalify for credit cards directly from Wells Fargo here.
It’s essential to distinguish that prequalifying doesn’t guarantee final approval. However, if you don’t see the Bilt World Elite Mastercard on the list of recommended cards, it’s a good indicator that you should improve your credit before applying.
This soft inquiry is free and won’t impact your credit. It lets you compare the best credit cards for your current credit profile.
Being a current Wells Fargo banking, loan, or credit customer may also allow you to receive personalized offers.
Bilt Mastercard Approval Odds
Here are several testimonials from real-life Bilt Mastercard applicants. It focuses on their credit scores and card limits. There’s also a note on how hard it was to get approved for the Bilt card.
James3 has an 830 FICO Score and was approved for an initial $10,000 card limit and an 18.49% interest rate.
While Fantic doesn’t disclose their credit score, they report having a “young credit file” along with 11 credit inquiries within one year and 25 in the last 24 months. They applied without prequalification and have a $2,500 starting limit and a 27.24% purchase APR.
CaptJOB was approved for a $6,000 limit and a 775 TransUnion Fico 8 credit score.
Jeffster1 reports being instantly approved for a $30,000 limit and only has a FICO 8 score of 717 and a 742 FICO 9. They currently have 16 active credit cards with an average limit below $10,000 on their other cards. Additionally, this person has an American Express® Gold Card.
Bilt Reddit Thread
Combing through a Reddit thread also provides income insights from applicants:
- $2,500 limit with a 787 credit score and an $85,000 annual income
- $13,000 limit with a 760 credit score and a $45,000 annual income
- $1,500 limit with a 707 credit score and a 6-month credit history
As you can see, the majority of applicants have a minimum 700 credit score. However, their income and credit history can differ. It’s possible to qualify for a high credit limit even if you have a relatively low income and credit score.
Final Thoughts on Credit Score Needed for Bilt Card
In conclusion, what is the credit score needed for the Bilt card? Generally, it’s best to apply for the Bilt World Elite Mastercard® with a credit score above 700. Several other factors influence your approval odds and starting credit limit. This can include your annual income. The history of your existing or recently closed credit cards is also relevant.
Apply Now: Bilt World Elite Mastercard®